BHP Group Limited ADR (NYSE: BHP) is -2.48% lower on its value in year-to-date trading and has touched a low of $39.73 and a high of $63.21 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BHP stock was last observed hovering at around $47.78 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $47.62, the stock is -3.46% and -1.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.21 million and changing -0.33% at the moment leaves the stock -7.21% off its SMA200. BHP registered -16.21% loss for a year compared to 6-month loss of -7.84%.
The stock witnessed a -5.42% gain in the last 1 month and extending the period to 3 months gives it a -4.87%, and is -5.91% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.58% over the week and 1.25% over the month.
Current P/E ratio is 10.65 and Fwd P/E is 11.68. Profit margin for the company is 21.23%. Distance from 52-week low is 19.86% and -24.66% from its 52-week high. The company has generated returns on investments over the last 12 months (17.41%).
The EPS is expected to shrink by -21.75% this year
The shares outstanding are 2.54B, and float is at 2.54B with Short Float at 0.59%.
The top institutional shareholder in the company is FISHER ASSET MANAGEMENT, LLC with over 21.31 million shares valued at $1.22 billion. The investor’s holdings represent 0.4196 of the BHP Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 5.2 million shares valued at $296.71 million to account for 0.2051 of the shares outstanding. The other top investors are HARDING LOEVNER LP which holds 9.47 million shares representing 0.1865 and valued at over $540.66 million, while WELLINGTON MANAGEMENT GROUP LLP holds 0.0977 of the shares totaling 4.96 million with a market value of $283.22 million.
